2. Risk-Free
Risk-free is when the cashback amount is the same as the deposit and wager amount. For example, if you are required to deposit and wager £20 in order to receive £20 cashback, then you are risking no money for the chance to make a profit! For example, if you wager £20:

• And win £10 on casino games, then you will be £30 in profit (£20 cashback + £10 win)
• And did not win or lose any money, then you will be £20 in profit (£20 cashback)
• And lose £10 on casino games, then you will be £10 in profit (£20 cashback – £10 loss)
• And lose £20 on casino games, then you have not won or lost any money because you will still receive the £20 cashback which covers your entire loss

3. Low-Risk
Low-risk is when the cashback amount is less than the deposit and wager amount. For example, if you are required to deposit and wager £20 in order to receive £15 cashback, then you are risking a small amount of money for the chance to make a profit. For example, if you wager £20:

• And win £10 on casino games, then you will be £25 in profit (£15 cashback + £10 win)
• And did not win or lose any money, then you will be £15 in profit (£15 cashback)
• And lose £20 on casino games, then you have lost £5 overall because you will still receive the £15 cashback which covers the majority of your loss

Don’t be afraid to jump on these low-risk offers, because although there is some risk involved, the long-term probability of making a profit far outweighs that risk when factoring the cashback!

Wagering On Slots

To keep the risk as low as possible, our strategy is to wager our money on slots. We want to avoid games like Blackjack and Roulette where the swings in wins and losses can be high. Instead, we want to focus only on slots where the wins and losses can be kept as small as possible. Our main goal isn’t necessarily to win on the casino games, it is simply to satisfy the wagering requirement and unlock the cashback whilst keeping our losses as small as possible. However, in the course of the wagering, there will be occasions where you will be winning extra money on the slots. In our experience, more often than not, we have won money on the slots whilst completing the wagering requirement, which added a nice bonus on top of the cashback that we had unlocked!

Slots tend to have a 93% average retention rate. This means that when you wager on slots, you can expect to retain approximately 93% of your money. This retention rate is based on wins and losses over the long-term. So for every £10 that you wager, you can expect to be left with approximately £9.30 (i.e. £0.70 loss) on average over the long-term. But remember, our goal isn’t necessarily to win money at the slots; it is to keep our losses as small as possible and unlock the cashback, which is where our intended profit comes from!

For example: if the offer is ‘Deposit and wager £20 for £20 cashback’, then we can expect to be left with approximately £18.60 of our initial £20 stake (£20 x 93% = £18.60 retained = £1.40 loss) after the wagering is complete. Once we complete the wager, we unlock the £20 cashback, resulting in an overall profit of £18.60 (£20 cashback – £1.40 loss)!

Even if we do a low-risk offer, e.g. ‘Deposit and wager £20 for £10 cashback’, we will still make a profit in the long-term because: £10 cashback – £1.40 loss = £8.60 overall profit!

Now that you have a better understanding of casino cashback, we have put together a simple step-by-step guide to show you how to unlock cashback from these casino offers.

Guide To Unlocking Casino Cashback

Start by choosing a cashback site and sign up to a new account (if you don’t already have one) – we recommend signing up to one of our favourite cashback sites. In this example, we’ll be using TopCashback.

Go to the Casinos section and select a cashback offer that you would like to do. In this example, we’ll be doing the Mr. Spin offer for £21 cashback.

As you can see, for the Mr. Spin offer, the required minimum deposit and wager is £20 for £21 cashback – this is a Guaranteed Profit offer, so whatever the result may be, we will be guaranteed at least £1 overall profit!

But as explained above, slots tend to have a 93% average retention rate; so if we are wagering £20, then we can expect to be left with approximately £18.60 of our stake (i.e. £1.40 loss) after the wagering is complete. This means that when we complete the wagering requirement and unlock the £21 cashback, we can expect to be approximately £19.60 in profit! (£21 cashback – £1.40 loss)

Make sure to read their cashback requirements carefully, including their terms & conditions so that you understand what is required to unlock the cashback. Cashback is available for new accounts only, so if you already have an existing account with the casino, then you will not be eligible for cashback. If that is the case, simply move onto another casino offer where you don’t already have an existing account.

Once you have understood the cashback requirements, click ‘Get Cashback Now’ and you will be taken to the Mr. Spin casino homepage. From here, click ‘Join’ to open a new account.

Then complete the registration with your information.

Next, deposit money into the account.

The minimum deposit to unlock the cashback is £20, so we deposit £20 into the account. If you are offered any type of bonus by the casino when making a deposit, we recommend that you ignore it or decline it because these bonuses are subject to high wagering requirements, so it is best to avoid them. Some casinos will offer you the option to accept or decline the bonus, and other casinos will automatically add the bonus to your account without giving you the option to decline it.

In this example, we deposited £20 into the account and the casino automatically matched our deposit 100% with a £20 bonus without giving us the option to decline the bonus, making our balance £40 in total. We will ignore the £20 bonus and treat our account as only having £20 of our own money.

Once you have made a deposit, go to the slots section and select a game that you would like to play. We recommend choosing a game that has the lowest minimum bet per spin; this is because we want to keep the risk as low as possible!

The slots in this list have a minimum bet of £0.03 and £0.02 per spin. In this example, we will choose to play Hollywood Wins, because the minimum bet is £0.02 per spin.

When you open up the game, make sure that you are playing the minimum bet with maximum lines. As we explained, we want to play the lowest minimum bet in order to keep the risk as low as possible, but we also want to play the maximum lines in order to maximise the winning potential of each spin!

To make sure that we are playing the minimum bet with maximum lines: we click on ‘Bet/Lines’, then we decrease ‘Bet’ to the minimum (£0.02) and increase ‘Lines’ to the maximum (15). Now the total bet is £0.30 per spin (£0.02 bet x 15 lines). The settings and layout may differ for each slot; some slots may not offer an option to adjust the bet and lines, in which case, we recommend finding another slot that has that option.

The minimum wagering requirement to unlock the cashback is £20. Based on the bet per spin that we have set (£0.30), we need to do a minimum of 67 spins to complete the wagering requirement and unlock the cashback (£0.30 bet x 67 spins = £20.10 wagered).

Most slots offer an auto spin feature. You can choose to manually click the spin button 67 times, but we prefer to do auto spin, so we click the ‘Auto Spin’ button.

We selected 50 auto-spins to begin with, and £1.00 for ‘Stop Auto Spin If… Credit Drops Below’ (this number doesn’t matter so much as long as you can complete the required minimum spins).

Once 50 auto-spins are completed, we will then select 10 auto-spins, then finally do the last 7 spins manually to complete the minimum 67 spins – it doesn’t matter how you do them as long as you complete the required minimum spins.

Once we have completed the minimum 67 spins, we are left with £19.86 of our stake (i.e. £0.14 loss) (remember, we are ignoring the £20 bonus). This means that we managed to retain 99.3% (above the average retention rate!) of our stake after completing the wagering requirement!

Once you have completed the wagering requirement, go back to the cashback site and you should see that the cashback is now tracked in your account. If this doesn’t appear, give it a couple of days to track. Typically, the cashback will be pending but it should be payable after a few days or a few weeks, depending on the cashback site and the casino.

Once the cashback becomes payable, you can either keep the money in your cashback account or you can withdraw it to your bank account.

In our example, we have made a profit of £20.86 (£21 cashback – £0.14 loss) from this offer!

As soon as the wagering requirement was complete, TopCashback tracked the £21 cashback in our account, which was pending at first. After a couple of weeks, our £21 cashback became payable and so we were then able to withdraw this money to our bank account!

Our Favourite Cashback Sites

Now that you know how to unlock casino cashback, you can repeat this process across several other casino cashback offers, adding a nice additional income stream to your existing matched betting activities!

There are many casino cashback offers found on every cashback site, with new offers always being added!

We recommend doing casino cashback offers from our favourite cashback sites!

Our Favourite Cashback Sites

If you have any issues receiving your cashback, we recommend contacting the cashback site’s support team who can respond to you very quickly!

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